Erik Steilman Raises Offer to Acquire Majority Stake in Maccabi Tel Aviv Basketball Club
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Walla · 3 hours ago
What happened
Erik Steilman, CEO of Rapyd and main sponsor of Maccabi Tel Aviv basketball, has raised his offer to buy the Recanati family's 58% stake in the club to $120 million plus a $30 million investment into the team. This follows a failed attempt in May to buy part of the Federman family's shares. Steilman aims to complete his entry into the club and strengthen its financial and competitive position.
- 01Erik Steilman raised his bid to $120 million for 58% of Maccabi Tel Aviv basketball shares.
- 02The offer includes an additional $30 million investment directly into the club's budget.
- 03The $120 million price includes a $20 million premium over the Recanati family's purchase price.
- 04Steilman previously agreed to buy 14.5% from the Federman family but was outbid by the Recanati family.
- 05Steilman is pushing to gain control and bring a new financial era to the club.
- 06The offer was submitted to Udi and Shay Recanati, current majority owners.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
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